The management consulting services market is expected to register a CAGR of over 5.5% during the forecast period. There is a growing demand for management consultancy services, targeting company executives and providing them with industry-specific specialists and subject-matter experts.
The management consulting services market is moderately competitive and consists of a few major players. Some of the players currently dominate the market in terms of market share. However, with the advancement in professional consultancy services, new players are increasing their market presence, thereby expanding their business footprint across emerging economies.
In August 2022, Ernst & Young Global Limited announced the acquisition of Digital Detox Ventures Limited, a UK-based digital engineering consultancy. The acquisition brought a range of new skills and capabilities to support EY clients across four essential sectors, health, wellness and sciences, real estate, hospitality and construction, and TMT.
In June 2022, Bain & Company announced the launch of an office in Athens. This decision was motivated by the firm's growing client base of Greek companies and the high level of demand for its services from clients.
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